Acquisition of 120-Unit Affordable Housing, Charlotte, NC

Deal value: $24,000,000

Acquisition of a 120-unit affordable housing community in Charlotte, North Carolina, focused on workforce housing preservation.

The core investment motivation is to address the acute shortage of affordable and workforce housing in Charlotte, a city experiencing rapid population growth and rising housing costs. The strategic purpose is to preserve and expand housing options for low- and moderate-income residents, capitalizing on strong policy support and public funding for affordable housing. The timing is driven by both urgent local demand and favorable financing conditions, including tax credits and municipal incentives.